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Friday, 2 June 2017

SOUTH AFRICA: Uber Introduces New Insurance Policy For South African Passengers

Taxi app Uber has unveiled two new safety products designed specifically for its operations in South Africa.

A new insurance policy which is designed to cover riders’ injuries or death while on a trip with Uber in South Africa will be provided by Chubb, through its South African subsidiary, Chubb Insurance South Africa.

In the unfortunate event of an accident, the coverage provides passenger accident insurance, which covers passengers’ accidental medical expenses as well as compensation for accidental death or serious injury suffered by passengers whilst on a trip with Uber.

Uber has also partnered with RoadCover, who will provide assistance to riders and other third parties with their submission of claims submitted to the Road Accident Fund at no cost to themselves.

RoadCover removes the complicated process that users face when processing a claim with the Road Accident Fund.

Uber said it will continue to look for ways to do more to ensure safety on the road for transportation providers and their passengers.

Uber announced that local passengers will be provided with an updated insurance policy designed to cover injury or death while on an Uber trip.

Uber has existing insurance for passengers, but has now partnered with local providers to extend its coverage.

The policy is provided by Chubb Insurance South Africa and will cover passenger accident insurance, medical expenses, and compensation for serious injury or accidental death suffered during a trip.

Uber has also partnered with RoadCover, which will provide assistance to riders and third parties with their submission of claims to the RAF.

RoadCover removes the “complicated process that users face when processing a claim with the Road Accident Fund”, said Uber.

Uber has posted a loss of $708 million in its first quarter of the year, The Street reported.

It noted that the loss was an improvement over the $991 million loss it posted last quarter, and that its revenue had increased by 18% to $3.4 billion.

While it posted a loss, Uber said it still has over $7 billion in cash.

“These results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management, and relationship with drivers,” said Uber.

This comes after Uber finance chief Gautam Gupta announced he was leaving the company.

Uber is rolling out Snapchat integration in Nigeria, Ghana, and South Africa.